'Pullback' Tag

  • Euro Rally: Temporary or Permanent?

    July 17, 2010

    Since the beginning of June, the Euro has rallied by an impressive 8% against the US Dollar, and by comparable margins against other currencies. The question on every one’s minds, of course, is whether this represents a temporary pullback or a permanent correction. The arguments in favor of the former are pretty strong. Namely, EUR/USD [...]